Well this time Congress voted on the debt ceiling increase and passed it with no strings attached. Did we secretly kick out all the old people and exchange them with reasonable ones? (Remember, No Strings!) See this article in Forbes by Kelly Phillips Erb that gives more detail on the (non)event: http://www.forbes.com/sites/kellyphillipserb/2014/02/15/debt-ceiling-fix-eases-fears-on-tax-refund-delays/ So I am still wondering what happened! I guess the Republicans in the House realized how they made themselves look like idiots last time this came up and decided to fight their battles another way (who knows what this can mean down the road?) Kelly, great article – now our tax refunds are safe for the time being (although I still dislike giving Uncle Sam an interest free loan of my money and then have him – with great fanfare – refund it to me.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Download my business app Available for IPhone and IPad: https://itunes.apple.com/us/app/briantstoner/id810483959?ls=1&mt=8 Available for Android: https://play.google.com/store/apps/details?id=com.app_briantstoner.layout&hl=en Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a CPA: Jobs scarce, so college grads go into business for themselves
Hey, the jobs report wasn’t as good as expected, so guess who is facing higher unemployment and student debt with determination? College grads! If they can’t find a job in Corporate America, they are starting to create their own jobs. See this article in the Christian Science Monitor by Denali Tietjen for information on how they are doing it: http://www.csmonitor.com/Business/2014/0207/Jobs-scarce-college-grads-go-into-business-for-themselves I love this kind of entreprenurial spirit, like Buffett, Jobs, Gates, Allen and Zuckerberg. Who knows, in ten years maybe we will be asking them for a job. Isn’t this just a repeat of looking for the American Dream all over again? For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a CPA: Let’s Talk About MyRA, the New Girl on the Block!
Well, when the President talked about the State of the Union, I didn’t think he would start talking about any women (except maybe Michelle), but right in front of his wife he started talking about his new girl, MyRA. Who is this chick, anyway? Well, look at this post in USAToday by Gregory Korte and John Waggoner to find out more about the Obamas’ new main squeeze (apparently Michelle is ok with her, too): http://www.usatoday.com/story/news/politics/2014/01/28/obama-state-of-the-union-myra-savings-plan/4992743/ There are some big plusses and potential minuses to this new retirement savings plan – you can only put your retirement money into low return assets that the Federal Government guarantees will not lose money, but probably not make much money either. This is effectively a Roth IRA with low initial contributions (its investing limits and income limits are just like a Roth) with only one investment option until you accumulate $15,000 – then you have to change to a regular Roth IRA. It is a nice idea to start people saving with low contribution minimums, but it is more of a gimmick than a new idea. Be careful, this girl could break your heart if you want a large nest egg when you retire! For financial, accounting [...]